Tyche Wealth Partners LLC Buys New Shares in Avantis Emerging Markets Equity ETF $AVEM

Tyche Wealth Partners LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,844 shares of the company’s stock, valued at approximately $664,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AVEM. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. increased its stake in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after purchasing an additional 2,483,487 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $170,265,000. PNC Financial Services Group Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 307.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock worth $123,093,000 after buying an additional 1,355,637 shares during the period. Finally, Midwest Trust Co purchased a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at about $47,678,000.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $83.16 on Friday. The firm’s 50 day simple moving average is $78.67 and its 200-day simple moving average is $75.46. The company has a market cap of $18.32 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $85.65.

Avantis Emerging Markets Equity ETF Company Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.